J. M. Smucker (NYSE:SJM) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of J. M. Smucker (NYSE:SJM) from a neutral rating to an overweight rating in a research report released on Wednesday morning, Marketbeat reports. JPMorgan Chase & Co. currently has $129.00 price objective on the stock, up from their prior price objective of $102.00.

A number of other equities analysts have also recently issued reports on SJM. Jefferies Financial Group upgraded J. M. Smucker from a “hold” rating to a “buy” rating and dropped their price objective for the company from $118.00 to $115.00 in a report on Wednesday, June 11th. Citigroup dropped their price objective on J. M. Smucker from $128.00 to $118.00 and set a “buy” rating for the company in a report on Wednesday, June 11th. UBS Group dropped their price objective on J. M. Smucker from $134.00 to $129.00 and set a “buy” rating for the company in a report on Friday, June 6th. BNP Paribas Exane upgraded J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 price objective for the company in a report on Wednesday, July 9th. Finally, Wells Fargo & Company boosted their price objective on J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, J. M. Smucker has a consensus rating of “Moderate Buy” and an average target price of $119.69.

J. M. Smucker Price Performance

NYSE:SJM opened at $113.1820 on Wednesday. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of -9.79, a PEG ratio of 8.40 and a beta of 0.31. J. M. Smucker has a 1 year low of $93.30 and a 1 year high of $125.42. The business has a 50 day simple moving average of $105.67 and a 200-day simple moving average of $109.39. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.06. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%.The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the previous year, the business earned $2.66 EPS. J. M. Smucker’s revenue was down 2.8% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Equities analysts forecast that J. M. Smucker will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $1.10 per share. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a yield of 3.9%. J. M. Smucker’s dividend payout ratio is presently -38.06%.

Insider Activity at J. M. Smucker

In related news, Director Tarang Amin purchased 1,050 shares of J. M. Smucker stock in a transaction dated Thursday, June 12th. The stock was purchased at an average cost of $96.09 per share, with a total value of $100,894.50. Following the transaction, the director owned 3,825 shares in the company, valued at approximately $367,544.25. The trade was a 37.84% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.24% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SJM. XTX Topco Ltd bought a new position in shares of J. M. Smucker in the 4th quarter worth $306,000. GeoWealth Management LLC raised its position in shares of J. M. Smucker by 15.0% in the 4th quarter. GeoWealth Management LLC now owns 967 shares of the company’s stock worth $106,000 after acquiring an additional 126 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of J. M. Smucker by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,009,017 shares of the company’s stock worth $221,232,000 after acquiring an additional 33,758 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of J. M. Smucker by 1,145.3% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,761 shares of the company’s stock worth $1,515,000 after acquiring an additional 12,656 shares in the last quarter. Finally, Ossiam raised its position in shares of J. M. Smucker by 18.6% in the 4th quarter. Ossiam now owns 2,139 shares of the company’s stock worth $236,000 after acquiring an additional 336 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.